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Stillwater Mining Co. Message Board

  • SundayTrader SundayTrader Jul 16, 2000 2:54 PM Flag

    PD approaching $700/oz ($689/oz) &

    Pt is approaching $600/oz ($576/oz). Both have
    gone up significantly this week. Would be cool if they
    broke $700/oz and $600/oz next week. Again, if prices
    are this high now, what will they be in the dead of
    winter?

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • that prices next winter will be what Russians let
      them be: as for SWC, after reading latest dines
      letter, we continue to need to patiently sit and wait
      while management regains confidence of street. don't
      you think?

      • 1 Reply to boston_kelly
      • confidence in management.

        Management has
        failed to even come close to projections for the last 2
        years.

        In the 1999 Annual Report management promised
        525K-575K ounces for fiscal 2000.

        Management lowered
        estimates for fiscal 2000 to 475K-525K in the 1st quarter
        report.

        If we believe managements warning last month that
        production will be down from the 1st quarter, then SWC will
        have produced less than 210K ounces by the end of the
        first half. If management is to keep their revised
        promise of 475K ounces they will have to increase
        production a minimum of 33% over projected second quarter
        results of 95K-100K ounces.

        If they are able to
        produce 265K+ ounces in the 2nd half and continue to
        expand production from the Stillwater mine in the 1st
        half of 2001 and thereafter,and keep on schedule at
        the East Bouldeer Mine, then they will have regained
        the confidence of the street. That's a big if and
        several quarters away.

 
SWC
16.32-0.21(-1.27%)Sep 19 4:08 PMEDT

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